NAIROBI (CoinChapter.com) — The Brett coin (BRETT) has reclaimed its month-to-date high following its recent listing on a prominent South Korean cryptocurrency exchange. The meme coin initially surged by 36% within 24 hours, driven by heightened trading activity and market interest. However, as of the latest update, Brett meme coin has retraced to $0.08829, marking a 13.53% decline in the last 24 hours. This slight pullback suggests that some traders are taking profits, though the overall momentum remains strong.
Brett Coin Price Soars After Listing – Is $0.11 Next?
Following the BRETT coin’s listing on Upbit, its trading volume surged by 193%, reaching $66 million. This spike in activity highlights the robust market interest supporting the Brett meme coin price rally.
BRETT’s recent rally coincided with its announced listing on two major exchanges. South Korean exchange Upbit revealed that it launched a BRETT/USD trading pair today. At the same time, Binance introduced a USD-margined perpetual contract for the meme coin on its futures platform.
After reclaiming its monthly high, BRETT coin price is currently trading at $0.08776. The chart shows BRETT crypto holding above key support levels, with the Ichimoku Cloud indicating resistance around $0.10. The RSI is at 43.39, suggesting a possible oversold condition, while the CMF remains slightly positive, indicating continued liquidity inflow.
Furthermore, the Fibonacci retracement levels plotted on the chart show that BRETT token is approaching the 61.8% retracement level, which often acts as a critical support zone in technical analysis. Should this level hold, BRETT coin might see a reversal, with potential upside targets near the $0.10 to $0.11 range.
Derivatives Market Signals Bullish Momentum for Brett Coin
According to data from Coinglass, Brett crypto experienced a 429.73% surge in derivatives trading volume, reaching $457.54 million in the past 24 hours. However, while open interest initially rose to $37 million, it has since retraced to $29.63 million, indicating that despite some consolidation, strong interest in BRETT persists.
The Brett coin (BRETT) OI-weighted funding rate is currently at 0.0096%, signaling mild bullish sentiment. Although recent dips into negative territory suggested some bearish pressure, the return to a positive rate reflects renewed optimism following BRETT’s exchange listings.
BRETT’s dominance in the Base meme coin market, where it holds over 80% of the market cap, highlights its strong position. This dominance suggests that BRETT’s value could grow in line with Base’s overall market expansion, potentially reaching a market cap similar to SHIB’s $40 billion peak in 2021.
